transaction approval
[træn'zækʃən ə'pruːvəl]
nounpl: transaction approvals
aprovação de transação
1. The authorization or confirmation of a financial or commercial transaction by a relevant authority, system, or person
The transaction approval was completed within 24 hours.
A aprovação de transação foi concluída em 24 horas.
2. The formal process of validating and accepting a proposed business deal or financial exchange
We are awaiting transaction approval from the board of directors.
Estamos aguardando a aprovação de transação da diretoria.
3. In banking and finance, the confirmation that a payment or transfer meets security and compliance requirements
Your credit card transaction approval was denied due to insufficient funds.
A aprovação de sua transação de cartão de crédito foi negada por falta de saldo.
In Brazil, transaction approval processes are increasingly digital and instantaneous, particularly with the rise of fintech services and PIX (the instant payment system). The term is widely used in both banking and e-commerce contexts, where rapid approval is a competitive advantage. In the USA and Portugal, similar terminology is used, but approval times and regulatory requirements may vary significantly depending on the type of transaction and financial institution involved.
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